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Dec 5, 2012
12/12
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thanks for joining us. let me me get your reaction. >> well, he's spinning a situation that's so serious. we've got to confront honestly and directly. he said on the sundays shows that they were fixing our debt problem, putting us on a sustainable course. that's not correct. the plan that he has announced leaked out, as he has outlined it. it increases taxes $1.6 trillion and does not cut spending any. it increases spending $1 trillion. it has almost no impact on the $9 trillion in debt we're projected to incur over the next ten years. so this is why we've got a problem. the president proposes nothing to deal with the entitlements that are growing at three times the rate of inflation and indeed represent more than half of the spending in our government. so i just got to tell you, they've got a lot of pride here, a lot of human being roe brus, me. this president needs to be helping us come up with a plan that puts america on a long-term, sound basis. paul ryan did that in the house. that plan is sustainable.
thanks for joining us. let me me get your reaction. >> well, he's spinning a situation that's so serious. we've got to confront honestly and directly. he said on the sundays shows that they were fixing our debt problem, putting us on a sustainable course. that's not correct. the plan that he has announced leaked out, as he has outlined it. it increases taxes $1.6 trillion and does not cut spending any. it increases spending $1 trillion. it has almost no impact on the $9 trillion in debt...
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Dec 19, 2012
12/12
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thanks for joining us. john, you say the company made a big blunder here >> i see this primarily as a customer relations mistake. everyone uses information the data that we share voluntarily and find ways, especially facebook, not to piss people off this much. i think they have to walk this back and apologize, and they can do exactly what they say they are going to do but with their members, not in spite of them. >> a number of users have in fact deleted their accounts. they say they are not going to agree to something without their permission. what's your take on this? >> i think people are a lot of talk. i mean, instagram fully admitted they messed up. it was a bit of a pr blunder. now they have gone back and said whoa, whoa, whoa. we hear why you're concerned and we're going to fix it. they also said the reason they didn't roll out the terms of service immediately and gave it 30 days is because they wanted to hear from the community. wanted to hear their concerns and now they are fixing it and backtracki
thanks for joining us. john, you say the company made a big blunder here >> i see this primarily as a customer relations mistake. everyone uses information the data that we share voluntarily and find ways, especially facebook, not to piss people off this much. i think they have to walk this back and apologize, and they can do exactly what they say they are going to do but with their members, not in spite of them. >> a number of users have in fact deleted their accounts. they say...
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Jul 31, 2012
07/12
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CNBC
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eye 189
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tweet us @cnbcclosingbell. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. . >>> you heard by now that ubs lost more than $350 million from the facebook ipo trading debacle. if that feels like deja vu, you're not missing something. you heard that more than a month ago when maria broke that story back in early june. >> ubs has a big problem with facebook. the firm sitting on losses sources tell me that could be as high as $350 million. some ten times more than the $30 million number currently being speculated in the market by others. >> maria is on the phone, on vacation today, one more day, but you could not keep her
tweet us @cnbcclosingbell. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. . >>> you...
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Feb 13, 2012
02/12
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CNBC
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eye 246
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she has to for us. we're wondering where the divide is right now between the areas of strength and weakness in the toy industry. >> it was actually a pretty tough 2011 for many toy makers. at least in the united states. they saw growth step back, down about 2% across the board. that's for every toy maker. we hear from hasbro and mattel particularly. birthrate in europe is lower than what toy makers like to see for that next generation of consumers. that's a worry. we've got increasing input prices which i know we're going to detail a bit more in a moment or so. that's causing some of these companies to have to raise some prices which could be a little tough for some consumers as they make those purchasing decisions. but there's some to international, very strong for the toy makers. dolls also two product categories selling well. >> you sort of answered my question there. a lot of companies and industries are facing higher costs now which squeezes margins. is the feeling they have enough pricing power to
she has to for us. we're wondering where the divide is right now between the areas of strength and weakness in the toy industry. >> it was actually a pretty tough 2011 for many toy makers. at least in the united states. they saw growth step back, down about 2% across the board. that's for every toy maker. we hear from hasbro and mattel particularly. birthrate in europe is lower than what toy makers like to see for that next generation of consumers. that's a worry. we've got increasing...
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Dec 6, 2012
12/12
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easy to use. it's the ultimate combination of speed, small size, and low-cost printing. >>> toast to today's market close. what percent of polled companies will be having a holiday party this year? 91%. up from 74% in 2011. >>> well, my next guest clearly has the true pulse of the consumer. ppr holds brands like gucci and puma. i spoke exclusively with the ceo. he's one of the richest men in france, and he tells me washington needs to resolve this fiscal cliff issue if they don't want consumers to stop their spending ways. >> let me start with what's going on in washington. we've got this negotiation for the fiscal cliff. if we go over the fiscal cliff, what is the impact to your business? >> well, there would be an impact on consumption, for sure. so when it comes to puma or mainstream brands in america in sports, there will be a for sure some consequences in terms of consumption. but i see that as an investment for the future. so it might be a little bit different from some of other ceos. we hav
easy to use. it's the ultimate combination of speed, small size, and low-cost printing. >>> toast to today's market close. what percent of polled companies will be having a holiday party this year? 91%. up from 74% in 2011. >>> well, my next guest clearly has the true pulse of the consumer. ppr holds brands like gucci and puma. i spoke exclusively with the ceo. he's one of the richest men in france, and he tells me washington needs to resolve this fiscal cliff issue if they...
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Mar 21, 2012
03/12
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the dollar has to ep us. we have to switch from a consumer market to an export market and there will be bumps along the road. >> do you think oil will stay where it is? >> we think $15 on the barrel is priced right for iran. we think that will mitigate. >> all right. thank you so much. great conversation. appreciate your time. henry herman. later on we take a contrarian view on goldman's call on equities. first, it's just not juice that starbucks is getting into. they are getting into energy drinks. >>> where are the best opportunities for investors in commercial real estate? barry sternlicth will talk to me in an exclusive. you're watching cnbc, first in business worldwide. tment opporty you didn't see before. fidelity's next generation ipad app lets you see what's trending around the world, as well as what over a million fidelity customers are trading throughout the day. and advanced charting lets you customize your views and set up your own comparisons. our ipad app can help refine your strategy or even fi
the dollar has to ep us. we have to switch from a consumer market to an export market and there will be bumps along the road. >> do you think oil will stay where it is? >> we think $15 on the barrel is priced right for iran. we think that will mitigate. >> all right. thank you so much. great conversation. appreciate your time. henry herman. later on we take a contrarian view on goldman's call on equities. first, it's just not juice that starbucks is getting into. they are...
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Dec 14, 2012
12/12
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give us your expectation? >> well, if the economy does go off the fiscal cliff, and right now the politicians are not creating any confidence that they are going to deal with it in the right way we'll see a sharp contraction of suh gdp growth in the first quarter, 2% to 2.5% and the reaction depends on what happens in washington. a lot of things are in place right now that will force them to reach a long-term deal in 2013 and relatively early in the deal -- year, i should say, even if they can't do something to prevent us from coming off the cliff in 2012. >> what will that deal look like? mean, obviously we are looking at probably higher taxes. we've got new taxes with the obama care legislation, the health care legislation so that's going to mean a bit of a pressure for folks. what about the employment situation as a result of cutbacks that we'll see because if we do get a deal we're going to see spending cuts. >> well, if you are going to reduce our budget deficit, you have to raise more revenues and you ha
give us your expectation? >> well, if the economy does go off the fiscal cliff, and right now the politicians are not creating any confidence that they are going to deal with it in the right way we'll see a sharp contraction of suh gdp growth in the first quarter, 2% to 2.5% and the reaction depends on what happens in washington. a lot of things are in place right now that will force them to reach a long-term deal in 2013 and relatively early in the deal -- year, i should say, even if...
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Dec 20, 2012
12/12
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it's a plus for us. down the true will really bring a lot of business to us. people are afraid things will charges but the human element here is so important. that's why it's critical. it will be here long time. >> a quick thought on where we stand in the markets right now as we continue to watch the back and forth over the fiscal cliff. >> i think you can see the markets kind of treading sideways here, but, you know, triple witch, last big witch of the year. >> a a lot of volatility to the markets so we'll be watching that. >> enjoy the holidays. >> happy holidays. >> second hour of the "closing bell" is going to begin in five seconds. maria will pick it up on the other side. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. stocks higher today on wall street as the close settles out. we see some money coming into this market. investors still hoping for a deal in washington to avoid the fiscal cliff. take a look at how we're se
it's a plus for us. down the true will really bring a lot of business to us. people are afraid things will charges but the human element here is so important. that's why it's critical. it will be here long time. >> a quick thought on where we stand in the markets right now as we continue to watch the back and forth over the fiscal cliff. >> i think you can see the markets kind of treading sideways here, but, you know, triple witch, last big witch of the year. >> a a lot of...
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Nov 15, 2012
11/12
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people use 80% of them. guess who is using that 20% of the people using 80% of that because only 27% of the american people itemize. the little guys never heard of that stuff. >> one of the thorns in your side in terms of getting this plan implemented has been grover norquist. he's engineered -- i'm sorry, what? >> grover norquist, i've always said about grover, he's wandering the earth in his white robes, and what can he do to you? he can't murder you. he can't burn your house. the only thing he can do to you is defeat you for re-election. if that means more to you than your country, you shouldn't even be in congress. >> well, he's engineering this plan to not raise taxes ever. >> this is not a problem, you know, that we can grow our way out of. you could have double-digit growth for decades. growth alone won't do it. it's not a problem that we can tax our way out of. raising taxes doesn't do a darn thing to change the demographics of a country or to change the fact that health care grows at a faster rate t
people use 80% of them. guess who is using that 20% of the people using 80% of that because only 27% of the american people itemize. the little guys never heard of that stuff. >> one of the thorns in your side in terms of getting this plan implemented has been grover norquist. he's engineered -- i'm sorry, what? >> grover norquist, i've always said about grover, he's wandering the earth in his white robes, and what can he do to you? he can't murder you. he can't burn your house. the...
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Dec 13, 2012
12/12
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stay with us. e more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> all right. welcome back. today we got a real true picture of how much this market is hanging on over word coming out of washington. you see the numbers here. we ended with a decline of 74 points on the dow jones industrial average. nasdaq down 21 moipts, and the s&p 500 down about 9 points, but it was a little bit of a roller coaster going into the close because at about 3:30 p.m. eastern time the market -- well, about 3:00 p.m. the market was down 90 points on the dow jones industrial average. then about 3:30 we learned that the president and speaker john boehner hav
stay with us. e more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> all right. welcome back. today we got a real true...
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Dec 3, 2012
12/12
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easy to use. it's the ultimate combination of speed, small size, and low-cost printing. >>> welcome back. today's construction spending report showing a jump of 1.4% in the month of october. nearly triple the 0.5% expected by analyst. the fiscal cliff looms large. it threatens a lot of this recovery on the recovery. joining me is allen smith, ceo of prudential real estate investors. nice to have you on the program. >> thank you very much. >> what's your take on this whole fiscal cliff discussion. if we go over the cliff, does that undo some good news we're seeing in housing and construction? >> i think with respect to the single family housing market, the impact will be somewhat limited. in the sense that the single family home market has fallen so far. when you look at some of the key indicators today, housing aff d affordability is the best it's been. consumer balance sheets have deld deleveraged. excess supply has been dealt with. with every new job there's greater propensity to form households
easy to use. it's the ultimate combination of speed, small size, and low-cost printing. >>> welcome back. today's construction spending report showing a jump of 1.4% in the month of october. nearly triple the 0.5% expected by analyst. the fiscal cliff looms large. it threatens a lot of this recovery on the recovery. joining me is allen smith, ceo of prudential real estate investors. nice to have you on the program. >> thank you very much. >> what's your take on this whole...
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Oct 9, 2012
10/12
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stick with us. more to come on this jam packed edition of the "closing bell." >>> coming up, the head of one of the world's largest investing firms warns of a worse than expected global economic slowdown. so how's he going to play this? find out next. >>> plus, bonus round. wall street execs expecting larger bonuses this year. well deserved or wishful thinking? >>> and do you love thy neighbor this much? did you know your tax dollar may be going to neighbors and banks for home sales? why someone here says it's time to get the government out of the housing market. that's all ahead on the "closing bell." if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> all right. we got more situations developing. yum
stick with us. more to come on this jam packed edition of the "closing bell." >>> coming up, the head of one of the world's largest investing firms warns of a worse than expected global economic slowdown. so how's he going to play this? find out next. >>> plus, bonus round. wall street execs expecting larger bonuses this year. well deserved or wishful thinking? >>> and do you love thy neighbor this much? did you know your tax dollar may be going to neighbors...
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Oct 26, 2012
10/12
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eye 597
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stay with us, back in a moment. in america today we're running out of a vital resource we need to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office.
stay with us, back in a moment. in america today we're running out of a vital resource we need to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're...
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Nov 29, 2012
11/12
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talk to us about that. what can you do to prove to the american people that, in fact, you are creating jobs in america, but you have to actually create jobs in places you're operating outside the u.s.? isn't that true? >> we do. i think the benefit is to multinationals in three areas. one is the wealth we create for americans. our to be is held by americans. chevron, for example, has created $170 billion in wealth through our stock price and dividends over the last decade. we also produce energy. every drop of oil we produce overseas keeps oil prices down in this country. >> yet, the oil companies as an industry constantly get bashed over taxes, over the profits that we see. in fact, in 2011, chevron was one of three oil companies that paid more in income taxes than any other corporation in america, which i find amazing. $17 billion in taxes. >> well, our income taxes in 2011 were about 43%. it's been in the same range over the last few years. we do pay our fair share. we pay taxes overseas. we pay taxes he
talk to us about that. what can you do to prove to the american people that, in fact, you are creating jobs in america, but you have to actually create jobs in places you're operating outside the u.s.? isn't that true? >> we do. i think the benefit is to multinationals in three areas. one is the wealth we create for americans. our to be is held by americans. chevron, for example, has created $170 billion in wealth through our stock price and dividends over the last decade. we also produce...
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Nov 26, 2012
11/12
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does that matter to us? should it matter to us here in the united states? >> i think greece doesn't matter on the numbers. we are talking about a country that has about 10 million people. you are talking about europe. in europe the yearly budget for agriculture is about 150. greece is maybe a political issue in how to deal when one of your kids doesn't pay his own bills. i think the issue will be resolved of about 15 trillion. 150 more or less of that is irrelevant. >> so great to have you here. >> thank you so much. >>> key economic reports due to hit wall street first thing tomorrow morning. >> and we'll find out which ones will effect your investments the most on the other side of the break. stick around. ♪ [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us. and no matter who you are, you're the commander-in-chief o
does that matter to us? should it matter to us here in the united states? >> i think greece doesn't matter on the numbers. we are talking about a country that has about 10 million people. you are talking about europe. in europe the yearly budget for agriculture is about 150. greece is maybe a political issue in how to deal when one of your kids doesn't pay his own bills. i think the issue will be resolved of about 15 trillion. 150 more or less of that is irrelevant. >> so great to...
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Nov 13, 2012
11/12
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CNBC
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because today it's about all of us. and no matter who you are, you're the commander-in-chief of your own life. ♪ to a currency market for everyone. the potential of fxcm unlocked. nyse euronext. unlocking the world's potential. the potential of yelp unlocked. nyse euronext. unlocking the world's potential. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. >>> welcome back. president obama will meet with business leaders tomorrow at the white house, but not one wall street bank ceo is on the invitationlation. kayla is here with more reaction. over to you. >> well, you remember jpmorgan ceo jamie dimon telling you days ago on this program that if you remove the fiscal cliff overhang, the economy will boom. similarly, executive
because today it's about all of us. and no matter who you are, you're the commander-in-chief of your own life. ♪ to a currency market for everyone. the potential of fxcm unlocked. nyse euronext. unlocking the world's potential. the potential of yelp unlocked. nyse euronext. unlocking the world's potential. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico...
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Dec 12, 2012
12/12
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he joins us now to make his case. >> welcome, sir. >> thank you very much for joining us. tell us in your own words what you're most fearing here >> you know what? we've got this r & d tax credit that has not been renewed, hitting our bottom line by 2%, 2.5%. think about it. these are high-paying jobs that we hire. it was just announced that china surpassed the u.s. in patent applications just last year. the r & d tax credit goes to hiring and expanding our r & d research. that and obama care, obama care just hit us by 19.5%. our medical costs are going up next year by 19.5%. so what can we do? we'll have to adjust our costs and get them in line. we compete in the worldwide economy, and our costs are going up. >> how much did that loss of the r & d tax credit cost your company as well? >> it cost us about 2.5%, 2% on the bottom line. >> and if the r & d tax credit does not come back, how many people might you have to let go next year? >> so what we have is we've got the 2%, 2.5% that we lost in the bottom line and obama care hitting us by 19.5%. our costs are going to go u
he joins us now to make his case. >> welcome, sir. >> thank you very much for joining us. tell us in your own words what you're most fearing here >> you know what? we've got this r & d tax credit that has not been renewed, hitting our bottom line by 2%, 2.5%. think about it. these are high-paying jobs that we hire. it was just announced that china surpassed the u.s. in patent applications just last year. the r & d tax credit goes to hiring and expanding our r & d...
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Dec 18, 2012
12/12
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eye 189
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give us your take on where the negotiation stands right now. what can you tell us? >> i think it's a real bad idea to raise taxes. we have a struggling economy, and i think we'll have the opposite effect. i think the economy could become more sluggish with increasing taxes. you may get less revenue if you raise tax rate. that being said, i don't know where we are. no one is calling me up to give me any information on this. i'll find out if you find out first, you call me, okay? but we're not really part of the negotiations. that's being done by a couple of people, and i real think in the end as republicans we need to continue standing for what we've already stood for and that's that you stimulate the economy by leaving more money in the private sector. >> what about boehner's plan "b?" ken? >> let me go back to what senator paul said. look, in reality i don't believe people making $1 million in the year, are going to do anything. i just don't believe it. >> i think what you mistake here it matters whose money it is. that's sort of a pejorative or a moralistic way of
give us your take on where the negotiation stands right now. what can you tell us? >> i think it's a real bad idea to raise taxes. we have a struggling economy, and i think we'll have the opposite effect. i think the economy could become more sluggish with increasing taxes. you may get less revenue if you raise tax rate. that being said, i don't know where we are. no one is calling me up to give me any information on this. i'll find out if you find out first, you call me, okay? but we're...
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Aug 10, 2012
08/12
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also with us is austin goolsbee. good to have you on the program, thank you for joining us. it's a cliff hanger, craig. let me get to you, tell me about the impact on your business. you're seeing a delay in decisions in. >> what we're seeing, yes, a delay in decisions. you refer to the concept of pa ral sis. this has been recurring and we're leading up to this for the last several years, and we're seeing a tremendous amount of delay and efficiencies in the system. we manage according to plan rather than according to budget. over the course of any fiscal year, we're constantly watching to see are we on track? are the assumptions that we made that went into our plan, are they coming together, are they occurring? and we have to make adjustments in realtime. we have a lack of visibility as to what our customering may be needing. it makes it a lot harder for us to plan. >> austin, it's good to see you, you think it will be worse before it gets better? >> yeah, i think it's going to be a mess. everybody is acknowledging that nothing will happen until the election, and you have a l
also with us is austin goolsbee. good to have you on the program, thank you for joining us. it's a cliff hanger, craig. let me get to you, tell me about the impact on your business. you're seeing a delay in decisions in. >> what we're seeing, yes, a delay in decisions. you refer to the concept of pa ral sis. this has been recurring and we're leading up to this for the last several years, and we're seeing a tremendous amount of delay and efficiencies in the system. we manage according to...
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Oct 8, 2012
10/12
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you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. to a world of super-connected intelligence. the potential of freescale unlocked. nyse euronext. unlocking the world's potential. to investing with knowledge. the potential of td ameritrade unlocked. nyse euronext. unlocking the world's potential. >> st
you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... when you take a closer look......
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Dec 26, 2012
12/12
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CNBC
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eye 215
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when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. . >>> we have breaking news in washington. no, not that news but important and sort of in the same ballpark. john harwood has the story. john? >> reporter: related news, bill. part of the administration's earth to put pressure on the cook to do something about the fiscal cliff and the debt ceiling. treasury secretary geithner sent a letter to harry reid, the senate majority leader, saying the united states government will hit its statutory debt limit on december 31st. that is the same day that we would go over the fiscal cliff. now the treasury has certain steps they can take to avoid breaching the debt ceiling that will carry the government through february or march, but at the moment in a technical sense treasury secretary geithner is telling the congress we're hitting the debt ceiling at the end of this year which is the part of the, as i mentioned, part of
when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. . >>> we have breaking news in washington. no, not that news but important and sort of in the same ballpark. john harwood has the story. john? >> reporter: related news, bill. part of the administration's earth to put pressure on the cook to do something about the fiscal cliff and the debt ceiling. treasury...
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Dec 7, 2012
12/12
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easy to use. it's the ultimate combination of speed, small size, and low-cost printing. >>> better than expected numbers on the labor front for november out this morning. u.s. businesses added 146,000 jobs last month and the unemployment rate slipped to 7.7%, the lowest level in four years. of course, that's not the whole story because you had more people dropping out of the labor force. >> well, the former chairman of the council of economic advisers, now a senior fellow at the hoover institution. he joins us with his reaction. would you give it a, what, out of ten? >> i gave you part of the answer too, by the way. you're welcome. >> out of ten, what score would you give this report, ed? >> i would give this a three. this report is a perfect microcosm of the recovery. the job creation number was about 146,000, you know, over the past three years we've been averaging about 150,000 a month. the problem with that is that we need 117,000 a month just to keep pace with the growing population. so that
easy to use. it's the ultimate combination of speed, small size, and low-cost printing. >>> better than expected numbers on the labor front for november out this morning. u.s. businesses added 146,000 jobs last month and the unemployment rate slipped to 7.7%, the lowest level in four years. of course, that's not the whole story because you had more people dropping out of the labor force. >> well, the former chairman of the council of economic advisers, now a senior fellow at the...
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Aug 9, 2012
08/12
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tell us what you see happening at the about the bank going forward? >> reputational damage is significant, and when you have so many regulators with an sfwhers this matter and potential class actions in the u.k., this is something they're going to want to put behind them. >> yeah, it's interesting, i was reading research earlier that says why is the u.s. dollar clearing license so important for a predominantly asian bank? and you wonder if this is going to have over global banks second guesses the presence in the united states. any impact there? >> i'll jump in, i think that's absolutely a concern. there was a time you had to be in new york, but if you do a small percentage in new york, our trade relations are more difficult than my countries around the world, and banks will ask if they're reputational legal risks in the united states and in the government. >> that's really a big issue, and -- >> i want to make a point that i think we're at a point right now given the changes to the law, and i'm interested in mark's comments on this where the iranian
tell us what you see happening at the about the bank going forward? >> reputational damage is significant, and when you have so many regulators with an sfwhers this matter and potential class actions in the u.k., this is something they're going to want to put behind them. >> yeah, it's interesting, i was reading research earlier that says why is the u.s. dollar clearing license so important for a predominantly asian bank? and you wonder if this is going to have over global banks...
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Nov 9, 2012
11/12
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stay with us. one mobile. with features like scanning a barcode to get detailed stock quotes to voice recognition. e-trade leads the way in wherever, whenever investing. download the ultimate in mobile investing apps, free, at e-trade. >>> welcome back to our special coverage from the jpmorgan technology ceo conference. once again, our special guest jpmorgan chairman and ceo jamie dimon. jamie, you have raised the reasonable loss above existing accruals about $700 million to $6 billion. i guess at the end of the day, litigation is the new normal in your business, certainly for the large banks. can you characterize for us what you would expect? how steep, given the election, the perceived political undertones, how significant will ongoing litigation be, and how should investors think about this? >> we have booked more than $10 million in litigation reserves. that number is just an estimate of how much more is under the range of possibility. i wouldn't give it too much credence. it's a rough estimate. i think li
stay with us. one mobile. with features like scanning a barcode to get detailed stock quotes to voice recognition. e-trade leads the way in wherever, whenever investing. download the ultimate in mobile investing apps, free, at e-trade. >>> welcome back to our special coverage from the jpmorgan technology ceo conference. once again, our special guest jpmorgan chairman and ceo jamie dimon. jamie, you have raised the reasonable loss above existing accruals about $700 million to $6...
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Dec 4, 2012
12/12
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easy to use. it's the ultimate combination of speed, small size, and low-cost printing. >>> welcome back. finally tonight my observation on the consequences of bad fiscal policy. the latest evidence the incredible instances of companies borrowing money to give that money away. this is the kind of crazy behavior you getd when you have manipulation in the market. interest rates should be much higher than they are right now. however, they are artificially stuck at rock bottom levels. and there seems to be no end in sight for how long this will last so investors are hunting high and low for yield as we know that is why they are pay looking for dividend payers. why not get regular income from your investments as you search for some return in this low-rate environment. this is a deepening vicious cycle. the white house and congress have not given us a fiscal policy as the economy bumps along the bottom now for four years and counting. so the federal reserve saves the day. we finally get some fiscal poli
easy to use. it's the ultimate combination of speed, small size, and low-cost printing. >>> welcome back. finally tonight my observation on the consequences of bad fiscal policy. the latest evidence the incredible instances of companies borrowing money to give that money away. this is the kind of crazy behavior you getd when you have manipulation in the market. interest rates should be much higher than they are right now. however, they are artificially stuck at rock bottom levels. and...
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Dec 10, 2012
12/12
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work with us here. the fact remains still that the vast majority of insider trading cases don't go prosecuted. they're not detected. yes, technology detection has increased. >> you know about them more than the s.e.c. does? is everybody telling you about it? >> the number i always heard was that less than 5% of insider cases are actually discovered and prosecuted. is that not a fact? >> i have no idea. and i don't think anybody has an idea that it's a fact. i think that people like to talk about it because it's exciting. it's like sex, drugs, and rock and roll. insider trading fits in as the fourth headline. >> we've got to leave it there. we'd love to talk more about it. especially sex, drugs, and alcohol. >> by the way i should point out i know i'm nitpicking but martha stewart didn't go for insider trading. she was convicted for lying to law enforcement officials. she was not convicted on the charge of insider trading. >> good to clarify these things. absolutely. >>> on we go. some software companies
work with us here. the fact remains still that the vast majority of insider trading cases don't go prosecuted. they're not detected. yes, technology detection has increased. >> you know about them more than the s.e.c. does? is everybody telling you about it? >> the number i always heard was that less than 5% of insider cases are actually discovered and prosecuted. is that not a fact? >> i have no idea. and i don't think anybody has an idea that it's a fact. i think that people...
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Apr 10, 2012
04/12
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it's outside of the us. if you look at the dividend countries in sync ga mothesingae dividend yield is less. >> we will leave it there. gentlemen, great to have you on the program. thanks so much. we'll see you soon. >> thank you. >> thank you so much, russ and ron. >>> a big management shakeup at best buy to tell you about. is brian dunn really to blame? >>> then, can a high fly airline continue? we'll be right back on the "closing bell." everything that i've gained in life has been because of the teachers and the education that i had. they're just part of who i am. she convinced me that there was no limit to what we could learn. i don't think i'd be here today had i not had a wonderful science teacher. a teacher can make a huge difference in a child's life. he would never give up on any of us. thank you dr. newfield. you had a big impact on me. but when she got asthma, all i could do was worry ! specialists, lots of doctors, lots of advice... and my hands were full. i couldn't sort through it all. with uni
it's outside of the us. if you look at the dividend countries in sync ga mothesingae dividend yield is less. >> we will leave it there. gentlemen, great to have you on the program. thanks so much. we'll see you soon. >> thank you. >> thank you so much, russ and ron. >>> a big management shakeup at best buy to tell you about. is brian dunn really to blame? >>> then, can a high fly airline continue? we'll be right back on the "closing bell."...
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Dec 27, 2012
12/12
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fix it. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... you know it even after all these years. but your erectile dysfunction - you know,that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an
fix it. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are...
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Dec 11, 2012
12/12
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that's what the tape is telling us. it's going to happen, and if there ice any whiff of disappointments, you get that downtick. learn from nancy pelosi. the richest person in congress. doesn't speak during market hours. >> thank you very much. >>> going to the close of a gain of 80 points and our old friend from "power lunch" days, chuck lovelle ringing the closing pebble and much more now from washington with maria bartiromo on the "closing bell." >> it's 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to "closing bell." i'm maria bartiromo coming to you live from the white house. stocks rallying and closing off the best levels of the session after senate majority leader harry reid warned it will be tough to reach a deal to avoid the fiscal cliff before christmas. we all note deadline, december 31. take a look at how we're finishing the day. the dow jones industrial average up about 80 points today. it was higher, much higher than 100 points earlier today, up two-thirds of 1%. volume o
that's what the tape is telling us. it's going to happen, and if there ice any whiff of disappointments, you get that downtick. learn from nancy pelosi. the richest person in congress. doesn't speak during market hours. >> thank you very much. >>> going to the close of a gain of 80 points and our old friend from "power lunch" days, chuck lovelle ringing the closing pebble and much more now from washington with maria bartiromo on the "closing bell." >>...
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Aug 17, 2012
08/12
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and trust us. i would look at john because i like him, he has good character, and i don't think we should be publicly dunking him. >>> there is a broader issue, we have not seen charges, we have no answer where the money went, that's the kind of stuff that will continue to play into this idea that they're getting the short end of the stick and they have no idea how the game works. >> didn't they say a few days ago they expect to find all of the money. >> where? >> what is he going to charge with this? >> that was the quote from the trustee. >> what's he going to charge with the new trust fund? is that how he gets at $1.6 billion. >> i don't think he will even start one. this is was an assumption that was made. again, you would like me to be one of your friends because if someone is making accusations about you that are criminal, not true, i would defend you excite the public rhetoric and the conventional wisdom out there. >> that's great you're friends with him, i think you have to stay away though
and trust us. i would look at john because i like him, he has good character, and i don't think we should be publicly dunking him. >>> there is a broader issue, we have not seen charges, we have no answer where the money went, that's the kind of stuff that will continue to play into this idea that they're getting the short end of the stick and they have no idea how the game works. >> didn't they say a few days ago they expect to find all of the money. >> where? >>...
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Apr 25, 2012
04/12
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john harwood's exclusive coming to us with timothy geithner. join us for those two big interviews. meanwhile, the dow jones industrial finishing up 88 points. almost 1% to 13,089. nasdaq composite at 68 points. huge move for the nasdaq there. 2 1/3 for the nasdaq. s&p 500 currently higher by 18 3/4 points. i've been speaking with traders and particularly with private equity guys this afternoon. what i found really interesting is that they are very surprised that we are not seeing more deal flow activity. a lot of private activity guys telling me the big risk is not to get the money out. in terms of deal flow, they are expecting it to pick up post the election. a lot of uncertainty. i'm looking at data from rich peterson over at s&p capital iq and says m and a is down 25% year to date from a year ago. only three sectors with increases in health care, consumer staples and industrials. the market, meanwhile, dow jones industrial higher and nasdaq blocking in the next gain since december. released after yesterday's close and the federal reserve is giving the market an extra boost. they
john harwood's exclusive coming to us with timothy geithner. join us for those two big interviews. meanwhile, the dow jones industrial finishing up 88 points. almost 1% to 13,089. nasdaq composite at 68 points. huge move for the nasdaq there. 2 1/3 for the nasdaq. s&p 500 currently higher by 18 3/4 points. i've been speaking with traders and particularly with private equity guys this afternoon. what i found really interesting is that they are very surprised that we are not seeing more deal...
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Jul 5, 2012
07/12
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lots of folks use it and depend on it. so why is one town less than thrilled with the thought of the company? our jane wells is there in venice beach to tell us why. why, jane? >> reporter: oh, bill. you know, some people love to hate google whether it's over privacy or street view, china, but over jobs? google is leasing 100,000 square feet here in venice. it's also leasing space in another building nearby, which houses the legendary gold's gym. some locals, not all, fear what the search giant will do to venice's character. >> i love the beatnik kind of style, the art community, so i could see where google people would have an issue with that. >> from my standpoint it's good because i own a house here. it increases the demand on nice houses in the area. >> in terms of helping venice overall, is it good or bad? >> bad. >> what do you like about ven e venice? >> it's cultured. it's nontampered with. you are who you are here. people pretty much leave you alone. >> reporter: but for all the tech start-ups here, google's expan
lots of folks use it and depend on it. so why is one town less than thrilled with the thought of the company? our jane wells is there in venice beach to tell us why. why, jane? >> reporter: oh, bill. you know, some people love to hate google whether it's over privacy or street view, china, but over jobs? google is leasing 100,000 square feet here in venice. it's also leasing space in another building nearby, which houses the legendary gold's gym. some locals, not all, fear what the search...
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Jun 25, 2012
06/12
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thank you for joining us. want to get into this fiscal clip of what's going on in the united states. david, why -- give me your sense of what happens with the fiscal clip when the tax programs expire at the end of the year, how do you see this playing out? >> it will get solved but maybe hal solved and get a grade of a c-minus. the fiscal cliff we know is over $600 billion hit to the economy in the first quarter. simple expiration of the bush tax cuts and pay rom tax and amounts to $375 billion. if you don't get resolution on that, you are talking about the very high probability of recession, what it does to motor vehicle sales. what it is currently doing to corporate management and continuing to prolong or delay capital spending plans and hiring plans, to me, despite the headline issues of europe, the fiscal cliff in the long term is the more problematic issue for the economy. earnings and stock prices. >> how do you want to invest that in this environment? michael, what do you say happened? >> well, we have
thank you for joining us. want to get into this fiscal clip of what's going on in the united states. david, why -- give me your sense of what happens with the fiscal clip when the tax programs expire at the end of the year, how do you see this playing out? >> it will get solved but maybe hal solved and get a grade of a c-minus. the fiscal cliff we know is over $600 billion hit to the economy in the first quarter. simple expiration of the bush tax cuts and pay rom tax and amounts to $375...
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Mar 26, 2012
03/12
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thanks so much for joining us. >> thank you. >> let me kick this off with you here. do you think that charts are indicating that this market continues on the upside? >> i think it does. the overshooting we say last august was tremendous. and those sentiment measures tend to be quite contrary in nature. what it does tell us is that risk appetite stards the bid higher. the other part confirming though is credit access is improving. fundamentally that's the stuff that causes markets to go higher. if credit spreads are generally moving favorable. >> yet chris, markets seem to be moving directly on central bank action. we heard bernanke today and we all of a sudden have money come into stocks. >> i think there is a part of the market that wants it look the at bank of being with risk assets. any parcelling of the fed's words, i think gets a certain part of the market to react. it is really about profit margins. those have peeked and i think we would see our strong extension of profit gains in this type of environment in
thanks so much for joining us. >> thank you. >> let me kick this off with you here. do you think that charts are indicating that this market continues on the upside? >> i think it does. the overshooting we say last august was tremendous. and those sentiment measures tend to be quite contrary in nature. what it does tell us is that risk appetite stards the bid higher. the other part confirming though is credit access is improving. fundamentally that's the stuff that causes...
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Nov 6, 2012
11/12
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stay with us. this is awesome!o, haha! folks who save hundreds of dollars switching to geico sure are happy. i'd say happier than a slinky on an escalator. get happy. get geico. melons!!! oh yeah!! well that was uncalled for. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' market. get happy. get geico. you know, one job or the other. the moment i could access the retirement plan, i just became firm about it -- "i'm done. i'm out of here." you know, it's like it just hits you fast. you know, you start thinking about what's really important here. ♪ ♪ >>> welcome back. this is a live picture of voters in virginia. the key swing state has 13 electoral votes up for grabs. now take a look at new jersey voters. this is a live picture in cherry hill. they weren't hit as hard by sandy as coastal and northern new jersey residents. the state has extended the deadline for displaced voters to return their ballots to 8:00 p.m. on fr
stay with us. this is awesome!o, haha! folks who save hundreds of dollars switching to geico sure are happy. i'd say happier than a slinky on an escalator. get happy. get geico. melons!!! oh yeah!! well that was uncalled for. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' market. get happy. get geico. you know, one job or the other. the moment i could access the retirement plan, i just became firm about it --...
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Oct 1, 2012
10/12
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talk to us about the use of cash. you have a small dividend. relative to some of your competitors. microsoft, cisco, has been ramping up on the dividends. you've been buying back stock. then, of course,ing acquisition have been the lifeblood of the company. >> they've been clear in their messaging to the capital markets. we're going to have a balanced approach toward how we deploy our capital. we're going to be inquisitive where it makes sense. we have been. that's probably the best measure of our behavior, where we've seen things. typically over the past year we've bought leading companies, companies that had leadership positions. they had technological positions that have advanced our portfolio. we have consistently, well, you mentioned our dividend, increased our dividend and we've been active in share buybacks. we're active in our fiscal q1 share buyback because we thought the price of the stock was very low. and so we were aggressive in buybacks. i think this effort has been clear, we're going to have balanced approach toward the capital strategy. >> you thought your stock was
talk to us about the use of cash. you have a small dividend. relative to some of your competitors. microsoft, cisco, has been ramping up on the dividends. you've been buying back stock. then, of course,ing acquisition have been the lifeblood of the company. >> they've been clear in their messaging to the capital markets. we're going to have a balanced approach toward how we deploy our capital. we're going to be inquisitive where it makes sense. we have been. that's probably the best...
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Nov 8, 2012
11/12
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stay with us. ♪ [ female announcer ] today is not just about who lives in the white house, it's about who lives in the yellow house, the brick, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, the open-air office and the home office as well. ♪ today is not just about who rides in air force one, it's about who rides in the 4 door sedan, the 2 door hatchback and the v8 muscle car. ♪ because today it's about all of us. and no matter who you are, or where you live, you're the commander-in-chief of your own life. and that's something that will never change. ♪ >>> all right. the dow down about 450 points since yesterday. should investors expect more losses ahead or do we see a bounce-back tomorrow? our next guests are here to tell you what will move your money tomorrow morning. paul christopher from wells fargo advisers and samuel coffin from morey harris. peter, 30 seconds on the clock. what do you want to look at? >> tomorrow morning at
stay with us. ♪ [ female announcer ] today is not just about who lives in the white house, it's about who lives in the yellow house, the brick, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, the open-air office and the home office as well. ♪ today is not just about who rides in air force one, it's about who rides in the 4 door sedan, the 2 door hatchback and the v8 muscle car. ♪ because today it's about all of us. and no matter...
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Nov 28, 2012
11/12
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they tell us they get a social security check. they use medicare. and you can't even tell me that those people shouldn't have access to those benefits. we can't even cut off millionaires. but you're going to raise taxes. >> here's what we said when we created social security. that we wanted a minimum in this country and guaranteed social insurance program that has been turned into a notion that somehow it's some entitlement as opposed to a guarantee of the basic common good in this country. so, no, i am not willing to connect the question of medicare, medicaid, and social security to a conversation that this nation has been delaying for too long, which is how are we all in this together? how does everybody pay their fair share? and how do we restore economic recovery by getting people back to work in jobs they can feed their families on? >> ms. henry, thank you so much for joining us. >> thank you. >> she's not rising above. i think that was a good observation on your part. >> is anybody? >> no. will your 4011 k go over the fiscal cliff? a trade gro
they tell us they get a social security check. they use medicare. and you can't even tell me that those people shouldn't have access to those benefits. we can't even cut off millionaires. but you're going to raise taxes. >> here's what we said when we created social security. that we wanted a minimum in this country and guaranteed social insurance program that has been turned into a notion that somehow it's some entitlement as opposed to a guarantee of the basic common good in this...
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Oct 29, 2012
10/12
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good to have you with us. thank you for joining us. >> thank you. >> was this a mistake they left the crane up there? why would anybody leave a crane on top of a building when we have this unprecedented storm coming our way? >> no, it wasn't a mistake. construction companies throughout new york city, including this project, have been working with the city buildings department since friday in securing to the best degree that anyone could in preparation for this storm. review plans are -- plans are reviewed by licensed engineers. the information that i have is that much of the scaffolding is secure. there are other sites in new york city that have such tower cranes and they are secure. what we're fashioning is an unprecedented storm, in the history of the city of new york. but construction companies across the city have been working in due diligence with all emergency personnel to secure all tower cranes in new york city. >> i guess given the fact that, you know, this is a 90-story building going up and we're on
good to have you with us. thank you for joining us. >> thank you. >> was this a mistake they left the crane up there? why would anybody leave a crane on top of a building when we have this unprecedented storm coming our way? >> no, it wasn't a mistake. construction companies throughout new york city, including this project, have been working with the city buildings department since friday in securing to the best degree that anyone could in preparation for this storm. review...
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Oct 3, 2012
10/12
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if we create policies to allow us to use americans to create american energy, it'll benefit us all. those are the things that could be done immediately. >> so how come the administration isn't doing it, if it's that obvious these jobs can be created soon? >> well, it's unfortunate because i think their limitations on the industry is driven by, in my view, extreme ideology. it's driven by an irresponsible view that we can switch from one energy form to the other overnight. somehow, we can take the 62% of our energy in the u.s., which happens to be oil and natural gas, and just flip a switch and turn that to wind mills or solar panels. all energy forms are important to us, but the reality is it took us 100 years in the united states to get off wood as our primary form of energy. we're going to need oil and natural gas throughout our lifetimes. when we recognize that and we move to produce more of our own, we cannot only contribute to a stable economy, but we can help bring some of those new emerging energies along and allow them to contribute as well. yeah, it's pretty extraordinary,
if we create policies to allow us to use americans to create american energy, it'll benefit us all. those are the things that could be done immediately. >> so how come the administration isn't doing it, if it's that obvious these jobs can be created soon? >> well, it's unfortunate because i think their limitations on the industry is driven by, in my view, extreme ideology. it's driven by an irresponsible view that we can switch from one energy form to the other overnight. somehow,...
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Oct 22, 2012
10/12
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pipeline of longer term projects before us. that will allow us to deliver large quantities of copper to a world that we believe will need it and pay good prices for it. >> all right. we'll leave it there. great to have you on the program as always. thanks very much. >> all right. thank you, maria. >> we'll see you soon. richard, president and ceo of freeport mcmoran copper and gold. julia boorstin with highlights next on yahoo! and she'll set the stage for marissa mayo erer speaking on the conference call and the heat is on. president and mitt romney running neck and neck ahead of tonight's final debate. i'll talk to senator john mccain coming up and ask him why energy policy in this country might be the biggest foreign policy issue in tonight's debate. >>> would you ever say no to a pile of free money? millions of americans are doing just that and you might be one of them. stay with us on this story. back in a moment. >>> welcome back. yahoo! up nearly 3% right now. stock higher an reporting better than expected earnings and b
pipeline of longer term projects before us. that will allow us to deliver large quantities of copper to a world that we believe will need it and pay good prices for it. >> all right. we'll leave it there. great to have you on the program as always. thanks very much. >> all right. thank you, maria. >> we'll see you soon. richard, president and ceo of freeport mcmoran copper and gold. julia boorstin with highlights next on yahoo! and she'll set the stage for marissa mayo erer...
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Nov 30, 2012
11/12
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CNBC
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easy to use. it's the ultimate combination of speed, small size, and low-cost printing. i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. at u.s. trust, our expertise extends well beyond investment advice and research analysis. it includes proprietary offerings like our eldercare program, which helps provide for those who came before you. and our financial empowerment program, which helps prepare those who come next. resources like these have made us the number-one trust company. that's why generations of families have come to us to help build their own legacies. >>> welcome back. besides raising taxes for the rich, one of the main key stick points over the fiscal cliff debate is whether to cut entitlements. dean bake
easy to use. it's the ultimate combination of speed, small size, and low-cost printing. i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. at u.s. trust, our expertise extends well beyond investment advice and...
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278
Dec 21, 2012
12/12
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CNBC
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eye 278
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antawn schiff, thanks for joining us. >> always a pleasure, maria. >> break it down for us. what happened in 2012 that caused these stocks to do well and why do you think we'll see a repeat next year? >> well, they were so hated last year. so many of them became victims of tax issues particularly at the end of last year when bank of america literally closed down $5 a share. what happened this year is they're still hated and most people are completely surprised by that chart you put up. they're shocked going, wait a minute, how are these stocks up so much? all these things are going long for them. quite frankly, they were so beaten down, they've put a lot of things behind them. 3u9 the mortgage settlement behind them, book values are ri rising, they're earning money. it would be a surprising statistic for most people to hear. >> but you don't think they're going to have those same issues in 2013, dodd-frank, the regulatory environment, record-low interest rates? these are all some of the issues that kept investors away from these stocks last year. >> yeah. and in spite of all
antawn schiff, thanks for joining us. >> always a pleasure, maria. >> break it down for us. what happened in 2012 that caused these stocks to do well and why do you think we'll see a repeat next year? >> well, they were so hated last year. so many of them became victims of tax issues particularly at the end of last year when bank of america literally closed down $5 a share. what happened this year is they're still hated and most people are completely surprised by that chart...
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242
Oct 30, 2012
10/12
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CNBC
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eye 242
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he joins us on the telephone. robert, what can you tell us? all day yesterday we were asking, how is it possible that the construction company left this crane on the top of this high rise knowing what we were expecting? >> yeah, that is the question that everyone's going to be asking. lawyers in particular over the coming days. right now it remains a very dangerous situation here in midtown. as you mentioned, there's a multiton crane still hanging from more than 70 stories above one of the busiest streets in midtown manhattan. that's 57th street. mayor bloomberg said before once the winds die down, they have to die down to below 30 miles an hour, the crews can start to get up there and secure that giant boom and then either start to dismantle it or bring up another crane, which will have to rescue this crane. we've seen crane crews try to go up there today, but it's been too windy. the lawsuits on this, the blame game that hasn't started yet in public, but you can be sure it's going on behind the scenes. not just the businesses on this street
he joins us on the telephone. robert, what can you tell us? all day yesterday we were asking, how is it possible that the construction company left this crane on the top of this high rise knowing what we were expecting? >> yeah, that is the question that everyone's going to be asking. lawyers in particular over the coming days. right now it remains a very dangerous situation here in midtown. as you mentioned, there's a multiton crane still hanging from more than 70 stories above one of...
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199
Nov 19, 2012
11/12
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CNBC
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eye 199
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easy to use. it's the ultimate combination of speed, small size, and low-cost printing. . >>> walmart, the latest company to move its dividend up, pay it early to avoid big tax hikes triggered by the fiscal cliff maybe. brian shactman has details. >> by now you know the drill f we go off the cliff, tax rates on dividends could swing from 58% to 40%. that possibility enough for a lot of companies to issue special dividends or move up payout dates, which is what walmart announced. instead of paying out early in 2013 the 40-cent dividend will be payable on september 27th. they said they did it because they recognized there were complex fiscal and federal tax rate issues that may not be resolved in the next few weeks. you might recall casino magnet steve wynn announced a special dividend, before the election. goldman sachs wrote about this early in the fall, actually naming wynn as a candidate for this. they also noted it's more common for these things in q4. goldman didn't just nail it on wynn, they
easy to use. it's the ultimate combination of speed, small size, and low-cost printing. . >>> walmart, the latest company to move its dividend up, pay it early to avoid big tax hikes triggered by the fiscal cliff maybe. brian shactman has details. >> by now you know the drill f we go off the cliff, tax rates on dividends could swing from 58% to 40%. that possibility enough for a lot of companies to issue special dividends or move up payout dates, which is what walmart announced....
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271
Oct 24, 2012
10/12
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CNBC
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stick with us. still a lot more to come on this jam-packed edition of the "closing bell." >>> coming up, banking on meredith. financial sector guru meredith whitney talks exclusively to maria about how to play the banks moving into the fourth quarter. >>> and updated status. why has one prominent tech investor who predicted on this show facebook's big fall now turn bullish on the stock? keep it here to find out ahead on the "closing bell." with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> welcome back. federal prosecutors suing bank of america for allegedly scheming to defraud fannie may and freddie mac.
stick with us. still a lot more to come on this jam-packed edition of the "closing bell." >>> coming up, banking on meredith. financial sector guru meredith whitney talks exclusively to maria about how to play the banks moving into the fourth quarter. >>> and updated status. why has one prominent tech investor who predicted on this show facebook's big fall now turn bullish on the stock? keep it here to find out ahead on the "closing bell." with the fidelity...
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154
Dec 28, 2012
12/12
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CNBC
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eye 154
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rick lake was with us earlier. chad morgan lander, what do you do? investors are watching all of this, they want some direction and they want to get ready for 2030 and the nonsense continues in washington. >> well, the market is going to get sloppy over the next two weeks until they get a resolution, and you should fully expect that they will get a resolution, and it will be just a short-term resolution. once you get, that the market will then snap back, so we're expecting between a 5% and 7% correction within the market until that time comes, but do you want to layer in risk. you want to be buying good quality companies at this point in time as the market comes into, because that market will snap back, and you will see a modicum of economic growth going further out into the spring. >> and i can see that apple is one of the ones that you like there in terms of snapping up beaten down stocks. you see 20% upside. ed, i want to get to you because i was reading through your bio and you worked at the white house for alm
rick lake was with us earlier. chad morgan lander, what do you do? investors are watching all of this, they want some direction and they want to get ready for 2030 and the nonsense continues in washington. >> well, the market is going to get sloppy over the next two weeks until they get a resolution, and you should fully expect that they will get a resolution, and it will be just a short-term resolution. once you get, that the market will then snap back, so we're expecting between a 5%...
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Nov 27, 2012
11/12
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CNBC
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eye 241
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easy to use. it's the ultimate combination of speed, small size, and low-cost printing. make sure the news keeps coming with thinkorswim by td ameritrade. use the news links breaking stories with possible breakout stocks, options with potential opportunity, futures and forex with in-depth analysis. it's an all-you-can-eat buffet for all things trading. thinkorswim by td ameritrade. it doesn't just deliver news. it's making news. trade commission free for 60 days, plus get up to $600 when you open an account. >>> the major defense contractors have been stocking up, and it's more than weapons stock peoples. they're hoarding cash right now. >> how much? take a look. at the end of september, their coffers had a combined $21 billion. $4 billion of that was added in the third quarter alone. the reason is nothing to do with wars overseas. everything to do with the battleground in washington over the fiscal cliff. >> so is this prudent action, and how should it affect how you invest in the industry? we're
easy to use. it's the ultimate combination of speed, small size, and low-cost printing. make sure the news keeps coming with thinkorswim by td ameritrade. use the news links breaking stories with possible breakout stocks, options with potential opportunity, futures and forex with in-depth analysis. it's an all-you-can-eat buffet for all things trading. thinkorswim by td ameritrade. it doesn't just deliver news. it's making news. trade commission free for 60 days, plus get up to $600 when you...